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    2669 Magnolia Ave San Diego, CA 92109

    For Sale
    $2,950,000

    Eight-unit apartment complex, renovated, near beach with easy freeway access.

    Lot size:
    0.17 Acres

    Property Features for 2669 Magnolia Ave

    General Information

    Lot size
    0.17 Acres

    Source: Melroy Investments Inc Agent Vida Melroy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Property Near Beach

    This property features an eight-unit apartment complex, comprising six units in a two-story building and two cottage-style units. All units have been renovated within the last five years. A water heater was replaced this year. The property includes an owned laundry facility. It is located close to the beach and offers easy freeway access. The grounds and landscape are designed for low maintenance. The sellers are licensed real estate agents in California.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.2211903
    Latitude
    32.8037655

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    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment complex, renovated, near beach with easy freeway access.
    Where is this apartment building located?
    The property is located at 2669 Magnolia Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: - Renovated Units: All 8 units renovated within the last 5 years.; - Multiple Buildings: Features a two-story building and two cottage-style units.; - Proximity to Beach: Close proximity to the beach is a desirable amenity.
    (619) 992-9980
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    2669 Magnolia Ave San Diego, CA 92109
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    San Diego, CA 92109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2669 Magnolia Ave San Diego, CA 92109
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